This transcript has been automatically generated and may not be 100% accurate.

I ... the ... Apple delivers on such prize for investors again Gallagher for MarketWatch ... after the closing bell Apple reported a drop in earnings for the third fiscal quarter ... but the results came in better than Wall Street had been looking for ... and that help the stock move up despite just five percent in after hours treaty ... right in the quarter was stronger than expected sales of the eye fell ... on a conference call with analysts just now Tim Cook ... I discuss both the I phone five in the I phone for which is now more than three years old ... I the I phone for still a big draw for customers were looking for lower priced option ... I in many markets it's available you're free you're not subsidize basis were much lower cost than the older couples on the call to Cook refused to answer questions about whether the company was designing special I phone for the low priced market ... and even disputed the idea that ... the high-end smartphone market was saturated with many analysts that hockey Apple's forecast these un clear whether the company expects to launch a new I phone sometime in the September quarter at the tail than ... many analysts bringing down their forecasts for this period ... because of this clarity ... and so the YTD trend of course this number out over the next several hours to see what it might mean